Wesley Heights

Office Space Market Report

Number of Listings (last 90 days)

7

Median Rate ($/sqft/yr)

$28


Median Size (sqft)

2,600

As of: August 17, 2017

Wesley Heights Rates

The typical asking rate per listing is in the $20's per square foot per year.
The Wesley Heights region is going through a decrease in rates.
In the last 3 months, the median rate
decreased
$3 per sqft per year.
That's a 9%
decrease in rent.

Compared to the rest of the Metrolina market, the Wesley Heights region has
greater rates, and you'll need to pay a premium to be in this hot submarket.

Wesley Heights Listing Supply

In the last 90 days, 7 listings have been posted online,
which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately.
About 14% of the available space in the Wesley Heights are subleases,
so you might be able to sign a shorter term by taking over a previous lease.
There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 2,600 sqft, there are still 0 new listings below 2,000 sqft.
Most properties in this area are close to 2 stories.
Most buildings in this area were built in 1929
and are Class A.

Wesley Heights Community

Not much of the real estate is used for commercial space, so it might be hard to find office space.
Education is the dominant industry in this market.
Commute by car is the most popular way to get to work amongst Wesley Heights folk.
Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Wesley Heights.Market Report

Market Data

Real time and historical data on commercial real estate listings in Wesley Heights.Research